Home Care Devices Market Grew 4.5% in 2014

In 2014, the U.S. market for home care products and equipment grew 4.5% from the previous year, with revenues exceeding $5.8 billion, as demand continued to rise with an aging population and an ongoing shift of chronic care patients from hospitals to home. Kalorama Information noted that this growth occurred despite the market being constrained by increasing pricing pressure due to the mandated Medicare Competitive Bidding Program.

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